Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Telkom Kenya’s market share dropped to 7.9 percent from 9.0 percent reported in the previous quarter/FILE - CA

Kenya

Telcos enlist 1.5mn new users to hit 51mn subscribers – CA

CA Director General Francis Wangusi (pictured) during Kuza Awards in June/FILE – CA

NAIROBI, Kenya, Jul 2 – The number of new mobile subscriptions in Kenya has increased by 1.5 million to hit 51 million users in the three months ending March 2019.

A report by the Communication Authority (CA) of Kenya says that ownership of multiple SIM cards has seen mobile penetration rise to 106.8 percent, as consumers leverage on the variety of services available in the market.

During the period under review, Safaricom PLC’s share of mobile subscribers shrunk marginally from 63.3 percent to 62.4 percent while Airtel network’s market went up by 2.7 percent to stand at 26.1 percent.

Telkom Kenya’s market share dropped to 7.9 percent from 9.0 percent reported in the previous quarter.

At the same time, Finserve Africa shed 0.8 percentage points to register a market share of 3.4 percent.

Mobile Pay’s market share remained unchanged from last quarter’s 0.2 percent.

Mobile Money continues to grow

CA also noted an increase in the number of active mobile money subscriptions from 31.6 million to 32 million.

According to the report released on Tuesday, 564.8 million mobile money transfer transactions valued at Sh2.1 trillion were conducted.

During the period under review, consumers spent 571.5 million in mobile commerce transactions, valued at Sh1.84 trillion.

Advertisement. Scroll to continue reading.

“Person-to-person transfers were valued at Sh737 billion,” the report says.

The number of active data/internet subscriptions went up by 2.5 percent to stand at 46.8 million, out of which 46.7 percent were on broadband.

Safaricom continued to register the highest market share in the data segment at 65.3 percent, followed by Airtel and Telkom limited at 26.9 and 7.2 percent respectively.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...